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PRESS RELEASE June 5, 2000
EXHIBIT 99.1
DuPont Photomasks, Inc. Names
Gerd Stoecker Executive Vice President Finance and CFO
ROUND ROCK, TX, June 5, 2000 -- DuPont Photomasks, Inc. (NASDAQ: DPMI) more
commonly referred to as DPI, today announced that Gerd Stoecker has been named
executive vice president of finance and chief financial officer, effective
immediately.
Stoecker has held senior financial management positions in a variety of
industries during his 32-year career, having worked the last 18 years in
technology-based companies. Most recently, he was vice president and treasurer
of Tandem Computers, prior to the company's acquisition by Compaq Computer. He
replaces William H. Carroll, DPI's treasurer, who had also been serving as
interim chief financial officer. Carroll remains the company's treasurer.
"We are very pleased to add Gerd's wealth of experience to DPI," said Peter
Kirlin, chairman and chief executive officer of DuPont Photomasks. "Gerd's
financial expertise, including his strong international and technology
experience, will be a great asset to our leadership team. I am confident he
will help us capitalize on the tremendous opportunities in front of us."
"I am delighted to join DPI as it enters an important growth phase," said
Stoecker. "The increasing value of photomasks bodes well for a technology
leader like DPI. The company is well positioned globally to benefit from the
current industry growth cycle and the accelerated pace of technology change. I
look forward to working with the team to continue increasing shareholder value."
Stoecker spent the last 15 years of his career with Tandem Computers in
increasingly responsible financial management positions. From 1981 to 1984, he
was vice president of international finance for Atari Inc., overseeing rapid
global expansion of the producer of computers and electronic games. He holds a
bachelor of business administration from Staedtische Kaufmaennische
Unterrichtsanstalt Gelsenkirchen, Germany and a masters of business
administration from Ruhr University Graduate School of Business in Bochum,
Germany.
Kirlin concluded, "We are fortunate that Gerd inherits a strong financial team
which was led by Bill Carroll over the last six months. I am very thankful for
the outstanding job done by Bill and his organization during this period."
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About DuPont Photomasks
DPI leads the photomask industry with one of the most technically advanced
manufacturing networks. The company supplies photomasks to the global
semiconductor industry from 12 strategically located facilities in North
America, Europe and Asia, and derives approximately 45 percent of its current
revenues from leading-edge photomasks with 0.25 micron or smaller design rules.
DPI also produces and supplies photoblanks (photomask substrates) and pellicles
(protective covers for photomasks). Headquartered in Round Rock, Texas, DPI
posted worldwide sales of approximately $264 million in fiscal 1999. The company
maintains a Web site at http://www.photomask.com.
Note: This release includes forward-looking statements based on management's
current plans and expectations. Such statements involve risks and uncertainties
which may cause future activities and results of operations to differ from those
suggested, including risks associated with management change, new facility
construction, accelerating technology requirements, pricing pressures and the
need to manage growth. For additional information, please refer to DPI's filings
with the Securities and Exchange Commission, specifically the company's most
recent Forms 10-K dated September 21, 1999 and 10-Q dated May 15, 2000, which
identify important risk factors that could cause actual results to differ from
those contained in the forward looking statements. Results for interim periods
are not necessarily indicative of results for the year.
Contact:
DuPont Photomasks, Inc.
Tom Blake
(512) 310-6562
[email protected]
or
Investor Relations Partners, Inc
Shellie M. Roth
(973)-535-8389
[email protected]
